Canada Goose (NYSE:GOOS – Get Rating) updated its first quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -$0.66–$0.61 for the period, compared to the consensus estimate of -$0.49. The company issued revenue guidance of $51.78 million-$59.18 million, compared to the consensus revenue estimate of $55.66 million. Canada Goose also updated its FY 2024 guidance to $0.89-$1.09 EPS.
Analyst Ratings Changes
A number of analysts recently weighed in on GOOS shares. UBS Group reduced their price objective on shares of Canada Goose from $23.00 to $20.00 and set a neutral rating on the stock in a research report on Wednesday, March 29th. Barclays downgraded Canada Goose from an overweight rating to an equal weight rating in a research report on Tuesday, May 2nd. Bank of America decreased their target price on Canada Goose from $17.00 to $14.80 in a research report on Thursday, May 18th. Credit Suisse Group lifted their target price on Canada Goose from C$30.00 to C$36.00 in a research report on Wednesday, February 8th. Finally, Cowen decreased their target price on Canada Goose from $26.00 to $22.00 and set an outperform rating for the company in a research report on Friday, February 3rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Canada Goose has a consensus rating of Hold and an average target price of $25.85.
Canada Goose Stock Performance
Shares of NYSE:GOOS traded down $0.13 on Friday, hitting $16.02. 99,567 shares of the company were exchanged, compared to its average volume of 1,958,080. Canada Goose has a 1-year low of $14.51 and a 1-year high of $24.73. The stock’s 50 day moving average price is $18.76 and its 200 day moving average price is $19.04. The company has a current ratio of 2.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $1.68 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 0.48 and a beta of 1.63.
Institutional Trading of Canada Goose
A number of institutional investors have recently made changes to their positions in GOOS. Squarepoint Ops LLC boosted its position in shares of Canada Goose by 16.2% during the 1st quarter. Squarepoint Ops LLC now owns 25,482 shares of the company’s stock valued at $491,000 after acquiring an additional 3,546 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in Canada Goose in the first quarter worth approximately $3,267,000. Seven Eight Capital LP purchased a new position in Canada Goose in the first quarter worth approximately $303,000. Wasatch Advisors LP grew its position in Canada Goose by 27.6% in the first quarter. Wasatch Advisors LP now owns 1,237,176 shares of the company’s stock worth $23,790,000 after acquiring an additional 267,606 shares during the period. Finally, Stifel Financial Corp grew its position in Canada Goose by 12.2% in the first quarter. Stifel Financial Corp now owns 13,975 shares of the company’s stock worth $269,000 after acquiring an additional 1,519 shares during the period. 42.79% of the stock is owned by institutional investors and hedge funds.
Canada Goose Company Profile
Canada Goose Holdings, Inc engages in the design, manufacture, distribution, and retail of outerwear for men, women, and children. It operates through the following segments: Direct-to-Consumer, Wholesale, and Other. The Direct-to-Consumer segment comprises of sales through country-specific e-Commerce platforms and its company-owned retail stores located in luxury shopping locations.
- Get a free copy of the StockNews.com research report on Canada Goose (GOOS)
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
Receive News & Ratings for Canada Goose Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Goose and related companies with MarketBeat.com's FREE daily email newsletter.